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Yet another proposal for winding down Fannie Mae and Freddie Mac and overhauling the nation's housing finance system will be put before Congress on Thursday, this one by Representative Maxine Waters of California, the ranking Democratic member of the Financial Services Committee.
Today, Government Sponsored Enterprise (GSE) Fannie Mae announced it has earned a fourth quarter profit of $6.5 billion in 2013 and will repay $7.2 billion to the U.S. Department of the Treasury in March. The payment will mean the company has returned $121.1 billion back to the taxpayers –returning even more than the $116.1 billion it received after being taken over by the government in 2008.
Today, the Republican-led House of Representatives approved H.R. 3193, legislation that would undermine consumer protection by weakening the Consumer Financial Protection Bureau's ability to be an effective, independent advocate for consumers.
As Federal Reserve Chair Janet Yellen made her first appearance before Congress, Congresswoman Maxine Waters (D-CA), top Democrat on the House Financial Services Committee, congratulated Yellen on her historic appointment and record of accomplishment.
Today, Congresswoman Maxine Waters, Ranking Member of the Financial Services Committee, released a comprehensive legislative proposal to reform the housing finance market. Known as the Housing Opportunities Move the Economy (HOME) Forward Act of 2014, the legislation ends Fannie Mae and Freddie Mac, and creates a new, cooperative-owned securities issuer.
Today, Congresswoman Maxine Waters (CA-43) called for security problems at LAX to be fixed immediately and urged that police officers be stationed at airport passenger screening checkpoints.
"I welcome TSA's report and recommendations that focus on improving employee training, communication systems and policies, and enhanced law enforcement presence at airports nationwide. These recommendations are a positive first step following the tragic shooting incident at LAX in November, which resulted in the death of TSA officer Gerardo Hernandez, who was killed in the line of duty.
LOS ANGELES (AP) — Los Angeles International Airport was ill prepared for a crisis when a gunman ambushed security officers last year, and the emergency response was hindered by communication problems and poor coordination, according to a report released Tuesday.
Family, friends and dignitaries paid their final respects to Ovarie "OV" Smith on March 22nd at Trinity Baptist Church.
Smith was the greatest advocate and crusader for people who suffered from mental disabilities, and a woman who commanded the attention of elected officials for more than 50 years passed away on March 14. She was 99 years old.
Rep. Maxine Waters, D-Los Angeles, called Tuesday for a federal investigation into the Los Angeles County Office of Education's handling of Head Start programs in Los Angeles.